Dr. Eric Roy went swimming with the sharks and came out with a $400,000 handshake.

Roy, whose water filtration company Hydroviv was one of the featured segments on the April 14 episode of the ABC show “Shark Tank,” successfully pitched his idea, procuring a preliminary deal with Mark Cuban. The terms: $400,000 in exchange for a 20% stake in Hydroviv.

Roy’s presentation definitely captured the attention of all of the Sharks, though a number of them had concerns that precluded them from making their own investments. Some thought that it might prove difficult to ensure that potential customers actually needed the product’s help. Others worried that Roy’s desire for professional marketing assistance wasn’t the best focus for his attention.

One highlight was Roy’s insistence on trying to ensure Barbara Corcoran had a full understanding of the facts regarding his product and business even as Cuban was on the verge of closing the deal.

(As someone who has known Eric for many years, I can confirm that this exchange is extremely on-brand. He believes that facts are important.)

But in the end, he got what any entrepreneur who climbs into the “Shark Tank” is looking for: a deal.

Dr. Roy took time out of the post-airing whirlwind to answer a few more questions for us here at The Maine Edge; if you missed last week’s preview story, you might want to check it out elsewhere on our website.

Published in Biz
Tuesday, 27 March 2018 15:48

Where the beer flows like water

BANGOR – Some Bangor residents are getting an unexpected surprise when they turn on their taps.

Reports have been circulating that a few residential pockets in the city have been turning on their faucets, only to discover that instead of water, their pipes are gushing with delicious, delicious beer.

The Bangor beer scene has blown up in recent years, with a number of craft brewing operations – outfits large and small – bringing all manner of sudsy goodness to the area. Craft beer has permeated local culture thoroughly.

But no one could have expected it to be THIS thoroughly.

Published in Biz
Wednesday, 27 January 2016 13:17

Hydroviv lends Flint a helping hand

DC-based water filtration startup aims to assist city in crisis

WASHINGTON, D.C. By now, you've likely heard about the ongoing struggles in Flint, Michigan regarding their drinking water situation. Thousands upon thousands of people are struggling to find water that is safe.

However, as in most crises in this country, there are people who want to help.

Published in Tekk
Wednesday, 06 March 2013 10:53

On a mission

Local church teams up with non-profit to bring fresh water to those in need

Christ has no body now, but yours.

No  hands, no feet on earth, but yours.
Yours are the eyes through which Christ looks with compassion into the world.
Yours are the feet with which Christ walks to do good.
Yours are the hands with which Christ blesses the world.

-Theresa of Avila

BANGOR If you live in Bangor, chances are you've seen All Souls Congregational Church on the corner of State Street and Broadway. It's an impressive stone church, and provides one of the three steeples that reach up over the skyline that can be seen from many a vantage point in and around the city.

Published in Cover Story


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